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re: Going rate on a thirty year fixed
Posted on 6/8/15 at 11:33 am to tigerbacon
Posted on 6/8/15 at 11:33 am to tigerbacon
quote:
Rates are climbing. Hearing whispers of 6% by September. I got 3:85% a month ago on 30 year and as of the end of may same loan would of 4.25%.
According to our mortgage guy they should start going back down. Of course, this is just his opinion but he does do it for a living.
0
Posted on 6/8/15 at 1:27 pm to TIGER2
From Bank of America
30-year Glossary Term: fixed layer 4.125% 4.219%
15-year Glossary Term: fixed layer 3.250% 3.437%
5/1 Glossary Term: ARM layer (variable)
2.875% for mortgage 5/1 ARM† 5/1 ARM interest rate and payment subject to increase after 5 years. Select the ARM interest rate for important information, including estimated payments and rate adjustments.
3.054%
Posted on 6/8/15 at 1:27 pm to tigerbacon
Assuming credit is 740 or better should be high 3's right at 4 on 30.
No way in hell its going to 6's
No way in hell its going to 6's
Posted on 6/8/15 at 2:30 pm to ItNeverRains
I am pulling 4.125% this morning on 30yr fixed and I will agree with ITNEVERRAINS no way in hell its going to 6%. why ?? because it would kill the housing market. this market can handle 5% much less 6%.
Posted on 6/8/15 at 3:37 pm to tigerbacon
When was the last time rates were at 6%?
Posted on 6/8/15 at 3:40 pm to hawkeye007
Amazing how rates climb a bit during peak market. By September October they'll be back down again.
Housing is keeping the economy on life support at the moment. 5's would be devastating IMO, especially with price of construction materials in the last 12-18 months.
Hawk are you seeing push back from appraisers? I've had two miss this month.
Housing is keeping the economy on life support at the moment. 5's would be devastating IMO, especially with price of construction materials in the last 12-18 months.
Hawk are you seeing push back from appraisers? I've had two miss this month.
Posted on 6/8/15 at 3:44 pm to Paul Allen
LINK
Nov 2008. Take a look at the chart and find the trend
quote:
When was the last time rates were at 6%?
Nov 2008. Take a look at the chart and find the trend
Posted on 6/8/15 at 3:58 pm to ItNeverRains
You think they'll be stable for at least another 3-4 weeks from now at 4.00%?
Posted on 6/8/15 at 4:05 pm to TIGER2
I just locked in at 3.5 on a 30 year last week.
Posted on 6/8/15 at 8:15 pm to STB
Just locked in at 4.125
Posted on 6/9/15 at 6:08 am to Paul Allen
quote:
You think they'll be stable for at least another 3-4 weeks from now at 4.00%?
Hawk is better gauge than me. Just have to watch what those mortgage back securities do. I know Greece is a factor again as well.
Dispite all this they won't go north of 4.5 in 2015
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